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Ask Your Own Question, Chartered Certified Accountant
Category: UK Tax
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Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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If I declare a loss against income on my self assessment from

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If I declare a loss against income on my self assessment from renting uk property (for 2011/2012), but don't pay tax for that year (as my total income is below my personal allowance) so therefore get no rebate, how long can that rebate be carried forward, assuming I will pay tax in a subsequent year? Also, when I do start paying tax, do I need to take any action to claim the rebate, or should it be paid automatically?

Many thanks

Hello, if you have any questions or need further clarification after reading my answer please let me know.


Thank you for your question.


Losses from property income can be carried forward to be offset against future profits until such time that the losses are exhausted (fully utilised).

More information on losses to be carried forward can be found under Box 43 on Page UKPN 16 of sa105notes here


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